According to Martin, some of New York City's Upper East Side
moms, or what she refers to as Glam SAHMs (glamorous
stay-at-home-moms), get a performance-based year-end bonus that
is determined by their investment banker/hedge-fund manager
husbands.

We did a quick fly around the finance community for some
reaction. No one is really buying it.

"Nothing says 'I love you' like a mom bonus ... Typically an
employer offers a bonus to incentive their employees. I guess to
some marriage is no different. But honestly when I first read the
article I had to double-check to make sure it wasn't published by
the Onion," a former hedge fund portfolio manager said.

"If capitalism is a crime, I'm guilty!" one trader told us.
"However, even though money is a motivator I am surprised these
guys have to [incentivize] their wives to do this. I would hazard
a guess that anyone paying their wife a mom bonus is also paying
mom for sex as that seems a natural offshoot of this logic. "

"I'm skeptical that they exist," one former banker said. "I
worked in banking for a long time. Do bankers buy their wives
stuff — and also give them money — when they get their bonuses?
Absolutely. Do the girls joke about it when they're drinking wine
with their friends and call it a 'wife bonus'? I'm sure they do.
But is the 'wife bonus' a real tangible thing? I seriously doubt
it."

Another person from the buy side didn't think the story
showed a real trend. "Maybe a handful, but not widespread," he
said.

The article was the perfect material for some jokes, too.
"There is no such thing as a fixed-price contract," one hedge
funder said.

"If ever a day goes by where I regret moving my family out of
the Upper East Side seven years ago, I'll just return to this
article and remember what kind of rat race I could be suffering
through just to keep up with people I don't even like," one Wall
Street exec said.